The Traderszone Network

Published in TZ Latest News 3 March, 2017 by The TZ Newswire Staff

Tesla, Inc. Sales in China More Than Tripled in 2016

As Tesla (NASDAQ: TSLA) prepared to begin deliveries in China in 2014, management was particularly bullish on the market. Indeed, Tesla’s former China operations chief Veronica Wu estimated sales in the country would quickly grow to represent a third of the automaker’s deliveries globally. But Tesla’s initial predictions for the market proved to be far too optimistic. Sales in the market accounted for just 15% of total revenue in 2014 and fell to 8% of revenue in 2015.

read more